Oil prices slipped in Asia on Monday as investors awaited clarity on talks to resolve Russia's war on Ukraine and the prospect of a resumption of exports from Kurdistan's oilfields. Brent futures were down 0.2 percent, while US West Texas Intermediate crude futures lost 0.3 percent. The downward spiral in crude oil prices is driven by pressure from the US president on Iraq to resume oil exports from Kurdistan oilfields, which could improve supply flows in global oil markets after nearly two years of disruption.
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Original article source: https://www.arabnews.com/node/2591403/business-economy
Source Id: 2025-02-641500721